Wednesday, April 30, 2014

GBP/JPY Daily Outlook

Intraday bias in GBP/JPY remains neutral for the moment. On the upside, above 173.14 will extend the second leg from 163.78 higher but we'd expect strong resistance from 174.84 to bring reversal to extend the consolidation pattern. On the downside, below 169.50 will argue that the third leg of the



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